Here’s the Deal…
My name is Kalen Bruce, and I am the founder of MoneyMiniBlog. My story is simple…my wife and I were $24,000 of debt, we decided we didn’t like debt, so I became a student of finances. We are now debt-free and building wealth. And I want to share everything I have learned. I write informative, entertaining, mini blogs to help you with your finances. Finances can be intimidating, so I keep it short, sweet and simple. Here are a few of the websites I’ve been featured on:
A Little More About Me
I’m on active duty in the United States Air Force. I’m happily married to my wonderful wife of 10 years. We recently adopted 2 children, for a total of 4 amazing children now. I’m a student of finance and productivity and I want to share what I have learned. I am passionate about helping people and serving others through this blog, in any way I can. I’m currently pursing my Bachelor’s in Economics, just for the fun of it. If you’re interested in learning how I make money though this blog, check out this guide that explains everything. Also be sure to read how I don’t make money with this blog, because I think that’s equally important.
Four Free Books
When you subscribe to our free newsletter, you’ll instantly get four free books to get your financial education started:
- Financial Freedom on a Full Schedule – This is a comprehensive mini book written by Kalen Bruce, the founder of MoneyMiniBlog. It goes into the foundations of your finances, and how to increase your financial IQ, while being “busy”, because everyone is busy.
- The Complete Guide to Your Most Productive Morning Ever – This is a detailed guide, also written by Kalen Bruce. It will give you a blueprint of how to create your own most productive morning. It covers how to wake up earlier, some of the best practices for success in the mornings, and what to add to your morning ritual to live your most productive life.
- Think and Grow Rich – This is a classic, written by Napoleon Hill. He goes into the complete mindset you need to become as rich as you want to be. This isn’t the typical “get rich quick” book, it’s more about the actual ideas and mindset you need to become rich over the course of your life.
- The Science of Getting Rich – Another classic, written by Wallace Wattles. This is a quick read, but the content is extremely valuable. This is another must-read for anyone who wants a high financial IQ.
The Weekly Articles
You’ll get every article delivered as a weekly summary. You can pick and choose the article you want to read.
The Weekly Treasure
The weekly treasure could be a free book, an actionable tip, a new idea, or something completely different. The bottom line is that you won’t find it somewhere else on the website, and it will be extremely valuable.
The Weekly Recommended Book
Each week you’ll get a recommended book straight from Kalen’s library. We guarantee that Kalen will have read every book he recommends, and these will be serious suggestions that should be part of your home library. Think about it, one book recommendation a week, that’s 52 books a year. You could build a library based on these book recommendations alone. Every book will be so much more valuable than the pennies they cost.
1. Giving is the foundation of your financial health
How’s your giving? It’s in giving that you receive, but you should give to give, not to receive.
2. Plan for the worst
Emergencies will always happen. Even more so when you aren’t prepared. An emergency fund (not a credit card) is foundational for surviving hard times.
3. Spend less than you make
Always be striving to earn and achieve more, but for now, you must spend less than you make so you have money for what really matters. Delay your gratification and keep your discipline. Wait until you can actually afford what you’re buying.
4. Set Goals
Set goals in every area of your life. Without goals, you have nothing to achieve. You should always know where you’re going in life.
5. Do what works for you
One size doesn’t fit all. If you find a way to budget, invest or save, and it works for you, do it. Apply advice to your life. Don’t mold your life to advice.
6. Get the lowest price
There are things that you can’t change the price of, but that doesn’t mean you can’t try. The worst thing that can happen is that they say “no”. It’s as simple as always asking for a lower price. It can only help and it never hurts.
7. Know your limits
Know your level of discipline/responsibility and live your life accordingly. If you aren’t responsible with credit cards, don’t use them. If you are undisciplined, automate your budget and your investing.
8. If you’re going to spend, you might as well earn
If credit cards aren’t for you (see principle #7), then you can ignore this principle. But if you are able to use credit cards responsibly, search for the most rewarding programs and earn when you spend through cashback or other rewards.
9. Money is More Mental than physical
Money is about your mindset. Your mentality is more important than your ability, but your ability will grow with your mentality. Money doesn’t solve money problems, mindset does.
10. Don’t be average, be successful
Most people are average. That’s why it’s called average. On average, most people aren’t successful. You are better than average. Hold yourself to a higher standard. Did I say average enough?
11. Take action
Nothing happens unless you take action. Reading and learning is necessary, but if it doesn’t lead to action, it’s meaningless.
12. Work to learn, not to earn
The skills you get are more important than the pay you receive. Focus on working in ways that will get you closer to your ultimate goal.
13. Learn from everything
Everything you experience teaches a lesson. Learn from your successes and mistakes, as well as other people’s successes and mistakes.
14. Money isn’t everything
Don’t focus your life around money. Money is just a tool to freely enjoy the things that really matter in life. Respect it, but don’t worship it.
15. Don’t Wait to Be Happy
Don’t wait for your debt to be paid off. Don’t wait for your dream job. You can be happy through the whole process. Stop saying “if I could just [fill in the blank] I would be happy”. You can be happy. Right now.
16. Make Small gains
In every area of your life, make small progress, consistently, for a long time. This is a proven way to achieve any goal you have. Small investments, made monthly, equates to huge wealth down the road.
17. Pay yourself first
This is the most basic law of investing. Your investments and savings should be paid before your bills. You will always find a way to pay your bills. You will never find a way to invest or save, unless you do it first.
18. Invest diligently and patiently
Don’t try to get rich quick. Investing involves diligence and patience. Anything else is simply trading, speculating or gambling.
19. Only invest in what you understand
Even the great investor, Warren Buffett, doesn’t invest in companies he doesn’t understand. From stocks and mutual funds to ideas and start-up companies, know what you’re investing in.
20. Know why you’re investing
When you buy an investment, you should know why you bought it. If you can’t explain why you bought it to a child, you don’t really know why you bought it.